News: Front Section
Posted: April 29, 2016
Rich, Matt and Kurt Cawley of United Multi Family broker $6 million sale of a four building portfolio
217 Wethersfield Avenue - Hartford, CTHartford, CT Rich, Matt and Kurt Cawley of United Multi Family brokered the $6 million sale of a four building portfolio totaling 135 units. The properties consisted of:
• 36 units at 149 Wethersfield Ave. (16-two bedrooms, 20-one bedrooms);
• 36 units at 183 Wethersfield Ave. (1 three-bedroom, 10 two-bedroom and 25 efficiency units);
• 30 units at 217 Wethersfield Ave. (3 two-bedroom and 27 one-bedrooms); and
• 30 units at 97-103 Wyllys St. (2 three-bedroom, 13 two-bedroom, 10 one-bedroom and 8 efficiencies).
The CAP rate at the time of sale was 11.82% with the property having a gross annual income of $1,376,112.
Rich Cawley, United Multi Family
Matt Cawley, United Multi Family
Kurt Cawley, United Multi Family
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